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Oct 14, 2013
10/13
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CSPAN2
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the last time congress raced this debt ceiling -- raced this debt ceiling -- raised this debt ceiling, it was i want to $6.999 trillion. and technically we reached that on may 19 of this year. the treasury department has since been using what it calls extraordinary measures to keep paying our bills. but as secretary lew has communicated to this congress over and over in letter and in testimony, in just a few days, the treasury department will no longer have enough money to keep up, these extraordinary measures will have run out. and within a week or two later, we will end up at zero. so what are the bills? what are the bills that we need to raise this ceiling in order to pay? well, it's the salaries of all federal employees, including our military; it's social security and medicare payments; it's unemployment benefits; tax refunds; and interest on our sovereign debt. raising the debt limit allows the treasury to borrow the money it needs to pay these bills. that's. -- that's it. if on any particular day more bills come due than we have cash in our accounts to cover, then the united st
the last time congress raced this debt ceiling -- raced this debt ceiling -- raised this debt ceiling, it was i want to $6.999 trillion. and technically we reached that on may 19 of this year. the treasury department has since been using what it calls extraordinary measures to keep paying our bills. but as secretary lew has communicated to this congress over and over in letter and in testimony, in just a few days, the treasury department will no longer have enough money to keep up, these...
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Jan 15, 2013
01/13
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KTVU
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s&p down 4. >>> ben bernanke thinks congress should raise the debt ceiling. that was the message, the federal reserve chairman delivered -- delivered at the university of michigan. he said congress needs to act quickly. they want to avoid a credit rating change and that could affect the economy. >>> the cold weather definitely having an impact on the central valley which grows about 8% of the country's fruits and vegetables. one family farm is in newcastle, california. that's about off 80 on the way to tahoe. farming is a tricky business. now, this cold weather is actually good news for their crop of mandarins but only to a point. >> whatever doesn't kill them makes them sweeter. so if you can get the mandarins as close to frozen as you can but not frozen, the trees push sugar into the fruit and it increases the quality of the fruit. >> analysts say orange and lemons are most vulnerable. that means higher prices. strawberries, avocados, affected as well. for avocado, one farmer says if the trees get damaged production is down for the whole year. in the next h
s&p down 4. >>> ben bernanke thinks congress should raise the debt ceiling. that was the message, the federal reserve chairman delivered -- delivered at the university of michigan. he said congress needs to act quickly. they want to avoid a credit rating change and that could affect the economy. >>> the cold weather definitely having an impact on the central valley which grows about 8% of the country's fruits and vegetables. one family farm is in newcastle, california....
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Jan 14, 2013
01/13
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KGO
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Jan 14, 2013
01/13
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KOFY
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ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members are among the group of democrats meeting with vice president biden about gun control. the vice president could turn over his proposals to president obama as early as tomorrow. >> a month ago today, the shooting massacre at sandy hook elementary school shocked the nation. and re-ignited a fierce battle over america's relationship with guns. tomorrow, vice president biden will recommend a robust gun control game plan to president obama including stronger background checks for all gun purchases, a ban on high capacity magazine clips, and a renewed ban on assault weapons. >> my starting poi
ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. we are not a deadbeat nation. >> house republicans want spending cuts as part of a deal to lift the debt ceiling. without an agreement the country has until around march 1 before it may not be able to meet financial obligations. >> today is the one month anniversary of the deadly school shooting in newtown, connecticut. in washington, bay area members...
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Oct 8, 2013
10/13
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KPIX
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one that would bring dire consequences for every american. >> on the debt ceiling -- >> the debt ceiling. >> reporter: -- the debt ceiling or the point at which our treasury goes into default and can no longer make our payments. what can we expect if washington can't reach a deal to raise the ceiling? today we spoke with a berkeley professor a former deputy assistant secretary for economic policy it the treasury department. >> the best way to get an idea of what the impact might be is to look last time at what happened in summer 2011 when we almost hit the debt ceiling. consumer confidence was hurt. it took six months to return. the s&p tumbled 17 points. those were just the consequences of almost getting there. mainstream economists of both parties agree that it would be catastrophic but we don't know just how bad it would be. >> reporter: making matters worse, consumer confidence has already plunged since the start of the government shutdown. default would be like throwing gasoline on the fire. >> if the government shutdown is a 5 on the richter scale, this is a 9 on the richter scale.
one that would bring dire consequences for every american. >> on the debt ceiling -- >> the debt ceiling. >> reporter: -- the debt ceiling or the point at which our treasury goes into default and can no longer make our payments. what can we expect if washington can't reach a deal to raise the ceiling? today we spoke with a berkeley professor a former deputy assistant secretary for economic policy it the treasury department. >> the best way to get an idea of what the...
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Jan 16, 2013
01/13
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KRON
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earlier, we said that as we do with the debt ceiling once again we're going as more of a debt popple. this higher interest rate proposal would be devastating for the economy. >> and how about ball mark? >> yes, they have pledged to hire 100,000 veterans that are returning from the war over the next five years. and a job is a job, let us just remember that even if is a transition jobs. soldiers are known for their commitment, sacrifice. wal- mart believes that the leadership to want to be seen as a blue-chip company. >> thank you, rob. and now, coca-cola we all know that obesity is a huge health problem in the u.s. and now - the people at coca-cola seem to be joining the fight against calories. but many wonder if this is really just an example of good marketing. felicia taylor has the story. pay attention to the man walking away from the camera. let's stop the video right here now the question is will the postal truck do the right panel also, coca-cola still seeing increases with their non-cola items. the company is already getting cal ripken to the front of their labels. felicia taylo
earlier, we said that as we do with the debt ceiling once again we're going as more of a debt popple. this higher interest rate proposal would be devastating for the economy. >> and how about ball mark? >> yes, they have pledged to hire 100,000 veterans that are returning from the war over the next five years. and a job is a job, let us just remember that even if is a transition jobs. soldiers are known for their commitment, sacrifice. wal- mart believes that the leadership to want...
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warren buffett said politicianless should stop using the debt ceiling in debates and says it is like nuclear bombs, too horrible to use the treasury will run out of money october 17th if congress doesn't increase the debt limit. >>> united technology is canceling plans to furloughing 4,000 workers after most civilian employees were sent home and the federal shut down put back to work. the military contractor planned to put sick corky and pratt and whitney workers on leave beginning today. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> 5:18. how is this for great gratuity? a regular customer gave a bartender his keno ticket as a thank you it turned out to be that bartender's lucky day because that keno ticket was worth more than $17,000. she tried to give it back, he told her it was hers to keep. she say she is plans to buy a new couch and put the rest into savings. that is a lot to put into savings. >> unless you buy a really expensive couch. >> nice he let her keep it. a lot of people out there. here is $20. >> that ticket, please? >> how is it
warren buffett said politicianless should stop using the debt ceiling in debates and says it is like nuclear bombs, too horrible to use the treasury will run out of money october 17th if congress doesn't increase the debt limit. >>> united technology is canceling plans to furloughing 4,000 workers after most civilian employees were sent home and the federal shut down put back to work. the military contractor planned to put sick corky and pratt and whitney workers on leave beginning...
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Oct 17, 2013
10/13
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KPIX
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. >> the deal initiates immediate debt talks raises the debt ceiling for for four months and funded the government. now, the u.s. government is back to business. >> during the vote a government stenographer started ranting into the microphone something about the free mason of the constitution until she was finally trash bagged away. >>> tonight there is another talk of another shutdown can happen in the next month. >> the tea party is losing steam after all of this and finding half of americans view the conservative movement unfavorably. back home in texas, federal ted cruz is doing just fine, i asked in dallas about him >> it is hard for us to engage what's going on in texas, is he viewed as and this is a no mean of slight to him, is he viewed of a wac koe there or a mainstream here. >> the people here in texas of the majority of the conservatives republicans do not like president obama and they do not like his administration, the question here for republicans in texas these days are, are you conservative enough? no elected republicans i have heard have ever criticize senator cruz, the
. >> the deal initiates immediate debt talks raises the debt ceiling for for four months and funded the government. now, the u.s. government is back to business. >> during the vote a government stenographer started ranting into the microphone something about the free mason of the constitution until she was finally trash bagged away. >>> tonight there is another talk of another shutdown can happen in the next month. >> the tea party is losing steam after all of this...
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Jan 15, 2013
01/13
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KGO
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he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby panda high five that >> on the 4th anniversary of the miracle on the hudson, "sully" sullenberger joins katie couric for a great day and reunited with the passengers he saved in the incredible emergency landing on new's hudson river. >> of all people to be piloting that day, thank god, sully, it was you. sometimes i get on a plane and i am like, sully? anybody named sully on this plane? >> i appreciate that. when i travel as a passenger i have people recognize me and they say i feel better knowing you are here. >> we feel the same way, too. that is katie at 3:00 and you can hear more right here on abc7. on abc7 news at 4:00, a hand's on lesson, h
he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby panda high five that >> on...
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Jan 14, 2013
01/13
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KTVU
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the other thing coming up is the debt ceiling. something most americans had not even heard of before two years ago. i want to be clear about this -- the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it aallows the -- it allows the country to pay for spending that congress has already attended to. these are bills that we need to pay. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with congress about whether or not they should pay the bills they've already racked up. if congress am republicans refuse to pay america's bills on time, social security and veterans benefits will be delayed. we might not be able to pay our troops, small business owners, food inspectors, air traffic controllers, specialists who track down loose nuclear materials wouldn't get their paychecks. investors around the world will ask if the united states of america is, in fact, a safe bet. markets could go hayw
the other thing coming up is the debt ceiling. something most americans had not even heard of before two years ago. i want to be clear about this -- the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending. it aallows the -- it allows the country to pay for spending that congress has already attended to. these are bills that we need to pay. so while i'm willing to compromise and find common ground over how to reduce our deficits,...
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Oct 8, 2013
10/13
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KNTV
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he is not going to start negotiating until after the shutdown ends and after the debt ceiling. of course, it's going to be a lot of questions here today. we expect questions about health care, but also the story, of course that, we've been following very closely, the fact that the shutdown's latest victims and that is the families of military members who have been killed and didn't get their death benefits because of the way this shutdown works, so there's a lot of questions the president is going to be peppered with today, and we expect him to be commenting on a lot of them, but the specific point that the white house wants to make today, natalie, is on this issue of what their stance is and what they're willing to give when it comes to opening up the government and raising that >> and, chuck, you talked about the family members of the military service members not receiving their death benefits. we learned since it is 17 service members and their families who have not received the benefit, so a lot of anger boiling over at this point. here's the president walking in now, and l
he is not going to start negotiating until after the shutdown ends and after the debt ceiling. of course, it's going to be a lot of questions here today. we expect questions about health care, but also the story, of course that, we've been following very closely, the fact that the shutdown's latest victims and that is the families of military members who have been killed and didn't get their death benefits because of the way this shutdown works, so there's a lot of questions the president is...
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Oct 17, 2013
10/13
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KBCW
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talks, raises the debt ceiling for four months, and funds the government for three. and now tonight, the u.s. government is back open for business. >> all 144 no votes in the house came from republicans, liz, tonight, there is already talk another shutdown could happen in the next few months. >> hope not. all right, brian, thank you. the debt deal came just in time for workers at the lab. thousands face furloughs if congress couldn't reach an adpreement. employees were told to come in today to begin shut down operations. and almost as soon as the word came down, people lined up. late this afternoon, there was already a small crowd waiting along the embarcadero to buy tickets for alcatraz. >> the gentleman said, you know, i think we're going to be open. we saw the news vans and i said, something is going on. so here we are booking. >> tours resume tomorrow. and yosemite national park didn't waste any time either. it reopened as soon as the debt deal was done. public areas are now accessible, other areas like visitor centers and campgrounds will reopen tomorrow as well
talks, raises the debt ceiling for four months, and funds the government for three. and now tonight, the u.s. government is back open for business. >> all 144 no votes in the house came from republicans, liz, tonight, there is already talk another shutdown could happen in the next few months. >> hope not. all right, brian, thank you. the debt deal came just in time for workers at the lab. thousands face furloughs if congress couldn't reach an adpreement. employees were told to come...
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Oct 6, 2013
10/13
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ALJAZAM
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this, as time ticks way for that looming debt ceiling debt line. that's coming up on october 17th. president obama called on house republicans to end the budget stalemate. >> we can vote to open the government today. we know there are enough to open who are prepared to vote to open the government today. >>> according to the national weather service, the storm will move near the louisiana coastline. as it tracks east for you, it will continue to lose strength. >> u.s. forces have carried out raids on targets in libya and somalia. it launched an operation in a coastal town in somalia. officials stay raid in tr ipo li tatargeted an al qaeda member ta u.s. embassy bombing in 1988. >>> he wa was a member of the al qaeda team. >>> it was interesting of such activity there and none of these targets are very easily. >> i would imagine that the west gate of more attacking kenya is probably the american special forces and insurgents community to take advantage of whatever information they have to see oh it back against al-shabab and also against al qaeda. i guess the ben ghazi attack is fres
this, as time ticks way for that looming debt ceiling debt line. that's coming up on october 17th. president obama called on house republicans to end the budget stalemate. >> we can vote to open the government today. we know there are enough to open who are prepared to vote to open the government today. >>> according to the national weather service, the storm will move near the louisiana coastline. as it tracks east for you, it will continue to lose strength. >> u.s. forces...
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Oct 7, 2013
10/13
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KBCW
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. >> reporter: it is day six with a debt ceiling looming and talk of raising the debt ceiling is raising concerns more than ever. >> you said allow us to borrow money to pay our bills. what's wrong with that statement? if we have to borrow money to pay our bills we're in over our head. and we don't get in further and further and further by borrowing more and more and more. [ applause ]. >> reporter: there is a short term fix to get the lights back on. >> let's pass a budget even if it's 45 days, let's pass a budget, gets folks back to work, let's keep the government open. >> reporter: as it stands now 2.1 million federal employees are forced to work without pay. that includes secret service who stand guard and protect our nation's capitol like the agent who was air lifted to a hospital after a woman tried to ram her car through security barricades. his pay check is on hold. one thing that drew a round of applause at today's town hall when the congressman said he's refusing his pay check until federal employees are paid. the last federal shutdown back in 1995 lasted 21 days. congressman s
. >> reporter: it is day six with a debt ceiling looming and talk of raising the debt ceiling is raising concerns more than ever. >> you said allow us to borrow money to pay our bills. what's wrong with that statement? if we have to borrow money to pay our bills we're in over our head. and we don't get in further and further and further by borrowing more and more and more. [ applause ]. >> reporter: there is a short term fix to get the lights back on. >> let's pass a...
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Oct 7, 2013
10/13
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KTVU
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the country will run out of money in ten daps if the debt ceiling is -- days if the debt ceiling is not raised. john boehner said they won't pass it unless the president is willing to negotiate long-term deficit cuts or reform to the benefits. >> i told the president, we're not gonna pass it when the votes are not in the house with a clean debt limit. >> so far neither side appears willing to budge. >>> fleet week in san francisco was supposed to begin today but there's not much planned anymore. the airshow and navy parade of ships were canceled because of the sequestration. disaster response drills set to begin have been canceled due to the government shutdown. a veterans art exhibit is scheduled tomorrow and pier 39 will have fireworks every saturday this month to try to help make up for the cancellations. >>> the city of san francisco held its latest homeless connect event focusing on the lgbt community. the health department and volunteers put on the event as the lg -- at the lgbt center on market street. people could get information about help, housing and other assistance. organiz
the country will run out of money in ten daps if the debt ceiling is -- days if the debt ceiling is not raised. john boehner said they won't pass it unless the president is willing to negotiate long-term deficit cuts or reform to the benefits. >> i told the president, we're not gonna pass it when the votes are not in the house with a clean debt limit. >> so far neither side appears willing to budge. >>> fleet week in san francisco was supposed to begin today but there's not...
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120
Jan 15, 2013
01/13
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KOFY
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eye 120
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he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed inter
he offered a solution for the president's dilemma on the debt ceiling. >> the final press conference was held this morning and he talked about the debt ceiling announcing if congress doesn't work with him and raise the debt ceiling america will go into default on the loans and we might have to sell florida. so, take goodbye to nanna and papa. >> you can see jimmy kimmel at the new time following the abc7 at 11. >> and the story behind a baby [ female announcer ] this is a...
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Oct 7, 2013
10/13
by
KPIX
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. >> it is day 6 of the government shutdown with a debt ceiling looming. and talk of raising the debt ceiling is raising concerns more than ever. >> you said the first day, it allows to borrow money needed to pay our bills. what is wrong with that statement? if we have to borrow money to pay our bills we are in over our head. we don't get in further and further and further. like borrowing more and more and more and more. [ applause ] >> we are putting it ... >> reporter: he offers a short term pick. >> pass a bundleet for 45 days, pass t get folks back to work, let's keep the government open. >> reporter: as it stands now, 2.1 million federal employees are forced to work without pay. that includes secret service who stand guard and protect our nation's capitol. like the secret service agent that was airlifted to a hospital after a woman tried to ram her car through security barricades. his paycheck is on hold. one thing drew a round of a phraudz at today's town hall is when the congressman says he is refusing his paycheck until federal employees are paid.
. >> it is day 6 of the government shutdown with a debt ceiling looming. and talk of raising the debt ceiling is raising concerns more than ever. >> you said the first day, it allows to borrow money needed to pay our bills. what is wrong with that statement? if we have to borrow money to pay our bills we are in over our head. we don't get in further and further and further. like borrowing more and more and more and more. [ applause ] >> we are putting it ... >> reporter:...
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Oct 14, 2013
10/13
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KTVU
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a recession or even worse. >> but raising the debt ceiling is just one battle in washington we are now in day 14 of the partial government shutdown over the renewed battle of cuts known as the sequester. live in washington, kyla campbell, ktvu channel 2 news. >>> the government shutdown is impacting federal courts across the country. civil cases have been delayed and prosecutors are operating with skeleton staff. court administrators say they are not sure what will happen if the stalemate continues past thursday. that is when the reserve funds run out. the courts have been using those funds since the beginning of the shutdown. >>> growing numbers of protesters in washington, d.c. are angry over the continued government shutdown. >> yesterday demonstrators including veterans broke through barricades and piled them up outside the white house. tomorrow a coalition of 33 veterans groups is planning a demonstration at the world war 12 memorial. -- world war ii memorial. 5500 workers will be furloughed beginning wednesday. only 400 or 500 workers involved in security or other essential funct
a recession or even worse. >> but raising the debt ceiling is just one battle in washington we are now in day 14 of the partial government shutdown over the renewed battle of cuts known as the sequester. live in washington, kyla campbell, ktvu channel 2 news. >>> the government shutdown is impacting federal courts across the country. civil cases have been delayed and prosecutors are operating with skeleton staff. court administrators say they are not sure what will happen if the...
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Oct 16, 2013
10/13
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KTVU
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eye 122
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ceiling -- expiration of the debt ceiling. a new bipartisan compromise may solve both problems, at least in the short-term. kyla campbell joins us live from washington with more. >> reporter: tori, the senate deal would fund the government through mid-january and raise the debt ceiling into february but some are already worried about the next fiscal fight. >> coming over here, somebody stopped me and says we'll be right back here in three or four months. our challenge is to make that not so. >> reporter: the senate bill would require both parties in the house and senate to work on a ten-year budget plan by mid- december. another development this afternoon, ted cruz announced he will not try to block a vote. he and other republicans lost their fight to delay or to defund obamacare but there are stronger income verification guidelines for people who want help buying insurance. >> this is far less than many of us had hoped for, frankly. but it's far better than what some had sought. >> reporter: the positive news, the stock marke
ceiling -- expiration of the debt ceiling. a new bipartisan compromise may solve both problems, at least in the short-term. kyla campbell joins us live from washington with more. >> reporter: tori, the senate deal would fund the government through mid-january and raise the debt ceiling into february but some are already worried about the next fiscal fight. >> coming over here, somebody stopped me and says we'll be right back here in three or four months. our challenge is to make...
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Oct 6, 2013
10/13
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KNTV
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please raise the debt ceiling. no conditions. just raise the debt ceiling. congressional republicans say, we will raise it but with conditions, anywhere from ending the affordable care act to privatizing social security to ending other federal programs. what we now have is this huge convergence of two issues, kris, first disagreement on what to do about the budget and the second, what to do with that. >> thank you, larry, for coming in. still ahead on "today in the bay," we'll tell you why hundreds of people took the plunge in the san francisco bay. >>> welcome back. it is going to be another warm day across the bay area. kind of like what we saw yesterday. places that got back into the 80s will be there. even bayside, mid-80s. inland, close to 90 degrees. we want to make sure you take it easy. right now, very comfortable. fall, crisp air in place. 44, santa rosa. 48, napa, gilroy, 43 degrees. our winds are offshore for today. that's a warming wind. that's what's going to warm us up very quickly for this afternoon. in the long-term, we are tracking a few sho
please raise the debt ceiling. no conditions. just raise the debt ceiling. congressional republicans say, we will raise it but with conditions, anywhere from ending the affordable care act to privatizing social security to ending other federal programs. what we now have is this huge convergence of two issues, kris, first disagreement on what to do about the budget and the second, what to do with that. >> thank you, larry, for coming in. still ahead on "today in the bay," we'll...
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Jan 3, 2013
01/13
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KPIX
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fought over the debt ceiling, america's credit rating was downgraded. and the debt and spending cuts are issues the next congress will have to deal with. new members will be sworn in tomorrow. live on capitol hill, danielle nottingham, cbs 5. >>> they may not be happy in d.c. but they are thrilled on wall street. stocks surged in the new year after lawmakers reached their deal. the dow was up more than 300 points its biggest one-day gain in six months. the nasdaq and s&p were also up dramatically. >>> the cost of going green is going up because we're so good at recycling. we're being punished in a sense. many bay area cities have recently raised garbage rates and others are thinking about it. cbs 5 reporter da lin on what's behind the increases. >>> reporter: you can almost say recology is a victim of its own success. the san francisco trash hauler claims customers are recycling more and throwing away less and that's cutting into its bottom line. recology wants to increase both commercial and residential rates. the residential rates would go up by about
fought over the debt ceiling, america's credit rating was downgraded. and the debt and spending cuts are issues the next congress will have to deal with. new members will be sworn in tomorrow. live on capitol hill, danielle nottingham, cbs 5. >>> they may not be happy in d.c. but they are thrilled on wall street. stocks surged in the new year after lawmakers reached their deal. the dow was up more than 300 points its biggest one-day gain in six months. the nasdaq and s&p were also...
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Jan 15, 2013
01/13
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KOFY
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ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they really want to stand their ground on this issue at the risk of economic down tivrnlt i think a lot has to do yes tea party you want to make a case is this the time to do it and right way to do it. that i think is boehner responsibility to explain that to his caucus members. my unitsing that's what he's planning to do over the next couple days. >>reporter: tea party express issued a statement saying it's completely irresponsible for the president of the united states to demagog this issue. the president will have big opportunity to speak to the nation on this if he chooses t t
ceiling f.congress raises the debt cell what does it do. puts us more in debt. >> it allows him to borrow more money. >>reporter: half the people we talked to had no idea what the debt ceiling was. she blamed lawmakers. >> i believe honestly they make things purposely confuse to go do whatever they want. >>reporter: so if the president wants to turn up the heat on house republicans he has to make the issue clear and as bruce explains, republicans need to decide if they...
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there's a new battle over the debt ceiling. here's how both sides are weighing in on the conversation. >> i believe we need to rates the debt cell but if we don't raise it with a plan to get out of debt, all of us should be fired. >> strong words and the fiscal cliff has come and gone. now lawmakers start a new session under pressure to avert another financial crisis, this time over raising the debt ceiling. if an agreement is not reached by late february or early march, the united states risks defaulting on its phenomenon r financial obligations. the argument will be how much congress will agree to cut spending. >> the bottom line is we can't continue down the path we're on of borrowing money to pay our debt. we have to have dollar for dollar cuts. >> key democrats and say the debt ceiling and the tax cuts are unrelated. >> not going to say i'm not going to pay my bills unless you stop buying stuff. so stop buying stuff so you don't have future bills but right now we have to pea the bell for what we incur. i you want to tie it
there's a new battle over the debt ceiling. here's how both sides are weighing in on the conversation. >> i believe we need to rates the debt cell but if we don't raise it with a plan to get out of debt, all of us should be fired. >> strong words and the fiscal cliff has come and gone. now lawmakers start a new session under pressure to avert another financial crisis, this time over raising the debt ceiling. if an agreement is not reached by late february or early march, the united...
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the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government workers. i cannot pay my mortgage. but i am expected to go to work every day as a counselor in a federal prison. we want to hear from you. up load your video using the hash tag, tell washington. >>> it is affecting california 's ability to fight wildfires. 2,000 federally paid service technicians are furloughed as part of the shutdown. they maintain the guard's cargo planes and helicopters that respond to wildfires. 14 of which just returned from the big fire in yosemite. >>> a pair of red flag warnings have been issued for the bay area because of dry, wind econ decisions in the san thank you cruz mountains and the east bay hills. cal fire increased staffing in those areas just in case the firebreaks
the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government workers. i cannot pay my mortgage. but i am expected to go to work every day as a counselor in...
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Jan 14, 2013
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ceiling. in a statement, senate minority leader mitch mcconnell says the debted limit is the time to get on reducing spending. gun control is also an issue. >> responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, uhm, they don't have anything to worry about. >> reporter: the national rifle association has already made clear, it has enough support in congress to block legislation that restricts gun ownership. >> i would say that the likelihood is that they are not going to be able to get an assault weapons ban through this congress. >> reporter: moderate lawmakers say there is a better chance of passing laws that limit the number of bullets in ammunition magazines and improve background checks. vice president joe biden is meeting with house members today about gun control. the president said he would give details from the gun violence task force sometime later this week. at the white house, danielle nottingham, cbs 5. >>> the 16-year-old who opened fire
ceiling. in a statement, senate minority leader mitch mcconnell says the debted limit is the time to get on reducing spending. gun control is also an issue. >> responsible gun owners, people who have a gun for protection, for hunting, for sportsmanship, uhm, they don't have anything to worry about. >> reporter: the national rifle association has already made clear, it has enough support in congress to block legislation that restricts gun ownership. >> i would say that the...
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Jan 15, 2013
01/13
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bernanke weighing in on the debt ceiling in michigan late yesterday. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit rating. >> the metaphors, jim, whether it's a family not paying the credit card bills, the president saying it's like dining and dashing at a restaurant, the only thing is we've got two weeks of respite and then we're off to the races again. >> after the civil war, there was tremendous partisanship in this country. a tumultuous time. the level of bipartisanship. there's such hatred that you can't get in a room. it never seems like obama gets in the room. biden got in the room beforehand. but look, everybody hates each other down there. it's exactly the opposite of what you would expect from a respected nation
bernanke weighing in on the debt ceiling in michigan late yesterday. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit...
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Dec 18, 2013
12/13
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all attached to a debt ceiling inquiry. ceiling legislation is the time that brings us all together and get the president's attention, which with this president when it comes to reducing spending is a bit of a challenge. i cannot imagine it being done claim. we will have to see if the house once to add to it as a condition of passing it. host: harry reid and mitch inonnell, up for reelection 2014, yesterday weighing in on the next fight of raising the debt ceiling, which could happen in february when the treasury runs out of money to pay its bills. on the two-your budget deal, the washington times reports this -- there are a group of senators think it aired i daring cuts to retirement pay. post" reportsn on that -- inside the story they say according to house budget aides, it will reduce pay by almost six percent, by a man who enlisted at age 18 and retired age 38. 1.26ng him with one million instead of 1.24. this an issue that could be returned to in january. (this morning. democratic caller. what is on your mind. they did
all attached to a debt ceiling inquiry. ceiling legislation is the time that brings us all together and get the president's attention, which with this president when it comes to reducing spending is a bit of a challenge. i cannot imagine it being done claim. we will have to see if the house once to add to it as a condition of passing it. host: harry reid and mitch inonnell, up for reelection 2014, yesterday weighing in on the next fight of raising the debt ceiling, which could happen in...
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Oct 6, 2013
10/13
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my guess is greece did not have a debt ceiling boat. detroit did not have a debt ceiling boat. it is like turning off the smoke alarm when the fire breaks out. >> i want to press you on that a little more. you mentioned moody's. moody's said that even if we prioritize the debt,, november 1 when we have a payment due they will not be enough receipts in the federal treasury to pay both the bondholders and social security recipients, much less veterans health care and military salaries and all of the other things you have exempted from the shutdown. would this be even worse than the shutdown? >> the full faith and credit act, in accordance with the constitution, explicitly exempts social security. it would not be a part of the calculation. at some point we have to deal with this debt crisis. there are those who always want to put it off to the next day. i am sure there were voices in greece, in detroit, saying put it off for another day. but no, we have to do this today. i am saying this not just as a congressman, but as the father of a 10-year-old son and 11- year-old daughter. o
my guess is greece did not have a debt ceiling boat. detroit did not have a debt ceiling boat. it is like turning off the smoke alarm when the fire breaks out. >> i want to press you on that a little more. you mentioned moody's. moody's said that even if we prioritize the debt,, november 1 when we have a payment due they will not be enough receipts in the federal treasury to pay both the bondholders and social security recipients, much less veterans health care and military salaries and...
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May 23, 2013
05/13
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the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not debate the debt ceiling. western here is whether the majority of the senate will be allowed to boost the debt ceiling, a totally different issue onto the budget. and the reason for doing it. it would allow passing a debt ceiling increase with just 50 votes and i think it would be profoundly irresponsible. especially for this body to raise the debt ceiling without getting the economy going, getting the jobs back, without stopping the path we are in bankrupting this country. that is what this is about. i yield the floor. >> senator from utah. >> mountain, i would like to follow. the senator from virginia. we need to have this debate. we need a budget. the american people have been without it for four years. it is because we want this debate and we want this issue debated. in public. we have this concern. in other words, as the senator pointed out just a moment ago, there are a lot of issues that we have asked and debated
the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not debate the debt ceiling. western here is whether the majority of the senate will be allowed to boost the debt ceiling, a totally different issue onto the budget. and the reason for doing it. it would allow passing a debt ceiling increase with just 50 votes and i think it would be profoundly irresponsible. especially for this body...
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Oct 9, 2013
10/13
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the debt ceiling if it is not raised within nine days, the u.s. will default on its loans. the republicans say they will raise the debt ceiling if the democrats roll back obama care. the president is refusing to negotiate. >> in negotiations, there is give and take. you do not hold people hostage or engage in ransoming to get your way. >> the shutdown is effecting families of fallen soldiers. >>> furloughed federal workers are being called back into work to investigate a salmonella outbreak. it's sickened people in 18 states. 42% have been sent to hospitals, some with hard to treat infections. you can find out more about the salmonella outbreak on our website, nbc11.com. >>> the political tug of war continues in san carlos. at stake, a gas line that runs right through the city. the california public utilities commission has stepped in ordering the line to continue to be shut down. pgne says the line is safe. the cpuc ordered pgne to keep it offline. >>> for the second time in about a year, the lumberyard outside of san jose has burned. a large plume of smoke could be seen a
the debt ceiling if it is not raised within nine days, the u.s. will default on its loans. the republicans say they will raise the debt ceiling if the democrats roll back obama care. the president is refusing to negotiate. >> in negotiations, there is give and take. you do not hold people hostage or engage in ransoming to get your way. >> the shutdown is effecting families of fallen soldiers. >>> furloughed federal workers are being called back into work to investigate a...
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Oct 8, 2013
10/13
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the debt ceiling deals with money we already spent. expenditures authorized by congress, congress which is then reluctant to paynn for them. alka tell will lay uf 10,000 workers, it has a large presence in silicon valley. we don't know what effect the announcement will have here. the silicon valley company nest has a new product, a smoke detectors. it makes that smart thermostat. the new nest smoke detectors will detect carbon monoxide as well. the cost is about $125. i looked it up. at that price you could buy five run of the mill. these new ones have features, it will send a message to your phone. so if you get a motion from your phone, hour house is on fire. >> thank you very much. check the forecast meteorologist christina loren. you can feel it's a cool start. >> it certainly is. always want to remember that smoke detector and the batteries as we've seen many times smoke detectors save lives a. good looking day shaping up. distinguish air quality. plenty of 50s to go around. 52 in livermore. want to talk about your morning drive.
the debt ceiling deals with money we already spent. expenditures authorized by congress, congress which is then reluctant to paynn for them. alka tell will lay uf 10,000 workers, it has a large presence in silicon valley. we don't know what effect the announcement will have here. the silicon valley company nest has a new product, a smoke detectors. it makes that smart thermostat. the new nest smoke detectors will detect carbon monoxide as well. the cost is about $125. i looked it up. at that...
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Oct 10, 2013
10/13
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ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase. this is what is occurring. we have got to stand firm. adhere, at least, to the containment of the growth of spending that was in the budget control act. failure to do that is a in our promises to the american people, a total abandonment of any contention that we would be fiscally responsible. it is unthinkable that we would abandon the limits. the truth is, the sad truth is the budget control act reductions in the growth of spending do not come close to putting us on a firm financial footing. we are on an unsustainable debt course as our cbo has told us. we are seeing a reduction in the de
ok, we will vote to raise the debt ceiling. anypeople did not like raising of the debt ceiling. we promised we would not spend so much. we promised we would reduce and a lot.1 trillion of synnex said, -- a lot of cynics said congress would not adhere to that. that is exactly what the president did in january of 2012. anothersed to spend trillion dollars above the amount of money we agreed to spend six months before. i did not really want to sign that agreement. i have taxes i want to increase....
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the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government i ca i cannot pay my mortgage. but i am expected to go to work every day as a counselor in a federal prison. we want to hear from you. up load your video using the hash tag, tell washington. >>> it is affecting california 's ability to fight wildfires. 2,000 federally paid service technicians are furloughed as part of the shutdown.n the they maintain the guard'so pland cargo planes and helicopters that respond to wildfires. 14 of which just returned from the big fire in yosemite. >>> a pair of red flag warnings have been issued for the bay area because of dry, wind econ decisions in the san thank you cruz mountains and the east bay hills. cal fire increased staffing in those areas just in case the fi
the next challenge is lifting the debt ceiling. >> congress will need to lift the debt ceiling before october 17th. otherwise the u.s. will default for the first time in history. if that happens economists say it will likely trigger another recession. >> viewers are sharing how the government shutdown is affecting them. she writes on the pace book page, i am one of the overpaid government i ca i cannot pay my mortgage. but i am expected to go to work every day as a counselor in a...
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Oct 10, 2013
10/13
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and there's no concession on the debt ceiling. the debt ceiling needs to be lifted. they're not getting anything for that, and we haven't seen an offer for that. when we see an offer for that, we'll make a decision about that. >> i want to make a comment on that. democrats are prepared to make sure that the government pays policy, , but good good economics, and building confidence for the american people would be extending it for a substantial period of time so the markets will have the confidence of where we're going to be next week, next month, and next year, so that although i think the answer to your question is we're not going to vote against making sure that america pays its bills, we think it ought to be a longer term for the economy and the growth of jobs. jobs, after all, is really what we ought to be working on. >> how will you structure it to have the republican confidence that wants to give you what you want, that you truly would bargain in good faith over these other issues? >> wait a minute, wait a minute, we're giving them what they want. we want 986.
and there's no concession on the debt ceiling. the debt ceiling needs to be lifted. they're not getting anything for that, and we haven't seen an offer for that. when we see an offer for that, we'll make a decision about that. >> i want to make a comment on that. democrats are prepared to make sure that the government pays policy, , but good good economics, and building confidence for the american people would be extending it for a substantial period of time so the markets will have the...
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Jan 7, 2013
01/13
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. >> i believe we need to raise the debt ceiling, if we don't raise it without a plan to get out of debt, all of us should be fired. >> special treatments under the tax code which ought to be looked at carefully. >> tweaks to the tax code could save money. president obama says he's willing to consider spending cuts separately, but will not bargain over the government's bargaining authorities. >>> so syria now, where the president outlined a road map for peace today, as fighting in the country continued. the u.n. says more than 60,000 people have been killed since the crisis began march 2011. stephanie gosk has more. >> syrian president bashar al assad addressed his country for the first time since june. he's very rarely seen in public. he was greeted by a packed and boifterrous oust tore yum. he blamed the crisis in syria on terrorists, including al qaeda and the countries that continue to fund them. there was little to no mention of the syrians themselves and have picked up arms against the government. assad also proposed a new political initiative that would include a new government a
. >> i believe we need to raise the debt ceiling, if we don't raise it without a plan to get out of debt, all of us should be fired. >> special treatments under the tax code which ought to be looked at carefully. >> tweaks to the tax code could save money. president obama says he's willing to consider spending cuts separately, but will not bargain over the government's bargaining authorities. >>> so syria now, where the president outlined a road map for peace today,...
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Oct 9, 2013
10/13
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we're talking about the debt ceiling crisis. nbc bay area's janelle wang is here with our world tonight. >> in the debt ceiling isn't raised by october 17th, the u.s. will default on its loans. republicans say they'll raise the debt ceiling if democrats roll back obama care and make other spending cuts. but the president is refusing to negotiate that until republicans end the shutdown first. >> in negotiations, there is give and there is take. and you do not hold people hos s hostage or engage in ransom taking to get 100% of your way. >> we can't raise the debt ceiling without doing something about what's driving us to borrow more money and to live beyond our means. >> the shutdown affecting families of fallen soldiers. in the past week, 17 u.s. soldiers have died including five this past weekend in afghanistan. their families are normally given $100,000 right away to help pay for funeral costs and to fly out to meet the coffins at dover air force base, but now that money is being withheld. lawmakers on both sides of the aisle c
we're talking about the debt ceiling crisis. nbc bay area's janelle wang is here with our world tonight. >> in the debt ceiling isn't raised by october 17th, the u.s. will default on its loans. republicans say they'll raise the debt ceiling if democrats roll back obama care and make other spending cuts. but the president is refusing to negotiate that until republicans end the shutdown first. >> in negotiations, there is give and there is take. and you do not hold people hos s...
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Oct 7, 2013
10/13
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. >> reporter: but it's day 6 of the government shutdown with a debt ceiling looming. and talk of raising the debt ceiling is raising concerns more than ever. >> you said it allows to borrow money needed to pay our bills. what's wrong with that statement!! if we have to borrow money to pay our bills we're in over our head and we don't get in further and further and further by borrowing more and more and more. [ applause ] >> we're putting -- >> reporter: swalwell offers a short-term fix to get the lights back on. >> let's just pass a budget even if it's for 45 days. let's get folks back to work. let's keep the government open. >> reporter: as it stands now, 2.1 million federal employees are forced to work without pay. that includes secret service who stand guard and protect our nation's capital. like the secret service agent who was airlifted to a hospital after a woman tried to ram her car through security barricades. his paycheck is on hold. one thing that drew a round of applause at today's town hall when the congressman said he is refusing his paycheck until federa
. >> reporter: but it's day 6 of the government shutdown with a debt ceiling looming. and talk of raising the debt ceiling is raising concerns more than ever. >> you said it allows to borrow money needed to pay our bills. what's wrong with that statement!! if we have to borrow money to pay our bills we're in over our head and we don't get in further and further and further by borrowing more and more and more. [ applause ] >> we're putting -- >> reporter: swalwell offers...
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Aug 27, 2013
08/13
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to remind you, the debt ceiling covers repayment of debt we already have. congress fussing about not raising the debt/z+ ceiling. remember congress set the budget. so as we wade through the politics, and there's a lot of politics, keep in mind those truths. finally, jon and laura, brand new this morning, facebook issued a report saying governments from 74 countries have asked for information on 38,000 facebook users in the past six months. half those requests coming from the u.s. government. facebook joining google and twitter in revealing as much as it can about demands for data, which is not very much. they wish they could talk about it more. >> interesting. thanks, scott. >>> 6:57, let's clerk back in with christina loren. you have an update on the fire in yosemite. >> we just got the most recent acreage, unfortunately it's not great news. still just 20% contained. now the acreage is up to 179,481 acres up from the 160,000 acres that we reported overnight. so what we can tell you is there's a potential for pretty good showers to move over that fire today
to remind you, the debt ceiling covers repayment of debt we already have. congress fussing about not raising the debt/z+ ceiling. remember congress set the budget. so as we wade through the politics, and there's a lot of politics, keep in mind those truths. finally, jon and laura, brand new this morning, facebook issued a report saying governments from 74 countries have asked for information on 38,000 facebook users in the past six months. half those requests coming from the u.s. government....
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Sep 1, 2013
09/13
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then we have the question of the debt ceiling. lifting that debt ceiling because congress, of course, is spending more money than it's taking in. that happens almost every year. and a number of republicans in congress don't want to lift the debt ceiling unless they get some kind of a deal that imposed even more draconian cuts in spending. the question is do you lift that or not? and finally, the whole question of the federal budget in itself. congress thus far this year has passed precious few bills. the slowest congress in memory. there are all these spending bills that have been stacked up wa like planes waiting to leave the airport, if you will, and the question is will they pass the budget by october 1st or will it be yet another what we call continuing resolution? all three of these come together. republicans would like to manage them as a package. the president and democrats would like to handle them one at a time so nobody has too much lingage or pressure on the other. >> of course, there's the immigration issue as well. qu
then we have the question of the debt ceiling. lifting that debt ceiling because congress, of course, is spending more money than it's taking in. that happens almost every year. and a number of republicans in congress don't want to lift the debt ceiling unless they get some kind of a deal that imposed even more draconian cuts in spending. the question is do you lift that or not? and finally, the whole question of the federal budget in itself. congress thus far this year has passed precious few...
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Oct 10, 2013
10/13
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meantime, house republican leaders they will visit the white house to talk about the debt ceiling and possible extension on that. to figure things out. ment obama had invited the full republican caucus but john boehner is only bringing the house leadership team and committee chair to talk about the government shutdown. president obama met with the house democratic caucus yesterday. >> the government shutdown is also hurting the bay area's local craft beer industry. the agency known as ttb for tax and trade bureau is responsible for approving new applications for brews and labels. because the agency is closed nothing is getting approved. for beer lovers that means seasonal suds especially ones made for the holidays probably won't make to the store shelves. >> we live in california so we kind of don't have a season so we need those, the pumpkin spice indicator so to speak. that will be a shame we can't try new things. >> among the companies affected border beer. several new labels are waiting for permits all on hold because of the shutdown. >> the markets continue to fluctuate as washin
meantime, house republican leaders they will visit the white house to talk about the debt ceiling and possible extension on that. to figure things out. ment obama had invited the full republican caucus but john boehner is only bringing the house leadership team and committee chair to talk about the government shutdown. president obama met with the house democratic caucus yesterday. >> the government shutdown is also hurting the bay area's local craft beer industry. the agency known as ttb...
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Oct 16, 2013
10/13
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KBCW
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warning it will cut the rate from aaa, the cities political -- over the debt ceiling noting how close politicians have pushed the country to default. >>> and it appears it will fall upon the senate to end the shutdown and raise the debt ceiling. an effort in the house which appeared on the verge of holding a vote tonight collapsed. senators harry reid and mitch mcconnell resumed their negotiations with a little less than 24 hours before the country defaults. there is a distinct possibility a deal won't be done before the thursday deadline. >> so, i think that is why you see some very serious minded efforts being undertaken in the senate. and we would hope that the house would also approach this important deadline with the same understanding of just how serious it is. >> even if the senate can get a plan done and pass, it is unclear whether the house would pass it or even bring it to a vote. >> president remains firmly behind a bill that would put limits on the treasury department's ability to avoid default. he put the blame squarely on house republicans. >> there's a faction there tha
warning it will cut the rate from aaa, the cities political -- over the debt ceiling noting how close politicians have pushed the country to default. >>> and it appears it will fall upon the senate to end the shutdown and raise the debt ceiling. an effort in the house which appeared on the verge of holding a vote tonight collapsed. senators harry reid and mitch mcconnell resumed their negotiations with a little less than 24 hours before the country defaults. there is a distinct...
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Oct 9, 2013
10/13
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byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal opposition that is healthy, but i commend the example of tip o'neill and ronald reagan. two very different ideological tents. but they came together because they understood how important it was. -- it is not as if he is -- [laughter] play.treet has able to i think the business community has a role to play. people who the republican caucus have respect for. i know that they are waiting in. tune orlly need to fine republican caucus if they have not started it already. maybe their constituents want their rates to go up on the home mortgage. maybe the one interest rates to go up to
byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal...
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Jan 22, 2013
01/13
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a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach while both sides say they want to do more comprehensive approach similar to what the president laid out but haven't worked out details. >> we'll find out if pressuring their pocketbooks will help out here. the question for you here, why is the vote set for tomorrow and what group do you see most under pressure? >> reporter: they need to deal with this quickly. the treasury department said unless we borrow more money come mid february we won't be able to pay bills. the house has to vote on it. senate has to vote on it. work out kinks a
a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach...
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Oct 7, 2013
10/13
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KTVU
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ceiling. >> -- extend the debt ceiling. >> i believe there will be $30 billion of cash on hand. sounds like a lot of muppie but you have -- money but you have to put in the context, $4 trillion enterprise. >> speaker of the house john boehner will not allow a vote without talks about spending talks with president obama. >> we are not going to pass a clean debt limit increase. [ talking at the same time ] >> i told the president no -- when the votes are not in the house to pass and the president is risking default by noting have a conversation with -- having a conversation with us. >> the affordable care act lead to the government shut down. one republican called the efforts to defund the program doomed from the get go. >> we don't defund a law we don't like. if we want to defund something we should repeal it, the same way the president got it signed. repeal it and then have a republican president sign it. this was boomed to failure. >> new york congressman is among several republicans including john kerry who are against -- john kerry who are against the effort. the government s
ceiling. >> -- extend the debt ceiling. >> i believe there will be $30 billion of cash on hand. sounds like a lot of muppie but you have -- money but you have to put in the context, $4 trillion enterprise. >> speaker of the house john boehner will not allow a vote without talks about spending talks with president obama. >> we are not going to pass a clean debt limit increase. [ talking at the same time ] >> i told the president no -- when the votes are not in the...
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Oct 15, 2013
10/13
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KNTV
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debt ceiling and avoiding a possible default on thursday. there is no major economic data in part because of the shutdown. but we're going to get earnings from the likings of citigroup, coca-cola, they look better than expected, and johnson and johnson. the dow at 15,301, closing at the high yesterday, the nasdaq will start at 3815 after adding 23. a new poll finds older americans are accepting that they just may have to put off retirement. 82% over 50 say it's somewhat likely they will work for pay in retirement. nearly half now expect to quit working later than they previously thought. on average age 66, two years later than back when they were in their 40s. the growing trend of people working longer and the fact that people can't afford to retire. older adults are the fastest growing segment of the u.s. work force for people 55 and over expected to be a quarter of the laby force. and a student -- for the first time macy's plans to open at 8:00 p.m. on thanksgiving night. the move is an effort by brick and mortar stores to keep up with onl
debt ceiling and avoiding a possible default on thursday. there is no major economic data in part because of the shutdown. but we're going to get earnings from the likings of citigroup, coca-cola, they look better than expected, and johnson and johnson. the dow at 15,301, closing at the high yesterday, the nasdaq will start at 3815 after adding 23. a new poll finds older americans are accepting that they just may have to put off retirement. 82% over 50 say it's somewhat likely they will work...
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Oct 12, 2013
10/13
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FOXNEWSW
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the president is focus odd this, you know, on this raising the debt ceiling. >> did the house republicans come up at all in the discussion? >> no. >> not at all? >> not at all. >> never mentioned? >> we want to make sure that we can get something that can pass the house, pass the senate, get signed by the president. that's the key to getting the government opened, and when the president -- tomorrow we're going to vote saturday in the senate on raising the debt ceiling. harry reid is bringing a raise the debt ceiling by $1 trillion. $1 million a minute between now and december of 2014. that's irresponsible unless you get the spending under control. >> nice to see you, senator. >> thanks for having me. >> some truckers demanding to be heard heading to the capitol beltway to cause a different kind of d.c. gridlock. you, yes, you, are about to go along for the truckers ride. that's next. guess who is calling. each night this week secret cal callers are helping us fill our 7:00 p.m. start guessing using _#greta. this is a very, very, very famous person. i have no idea who it is. that's what th
the president is focus odd this, you know, on this raising the debt ceiling. >> did the house republicans come up at all in the discussion? >> no. >> not at all? >> not at all. >> never mentioned? >> we want to make sure that we can get something that can pass the house, pass the senate, get signed by the president. that's the key to getting the government opened, and when the president -- tomorrow we're going to vote saturday in the senate on raising the...
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Oct 15, 2013
10/13
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CNN
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you know, the debt ceiling -- debt deal back in 2011. it's when their backs are up against the wall and their shirttails are on fire that they start to get serious. and that might be why they're getting close at this point. i think that the odds are that they're working toward an agreement at this point, carol, better than the odds were about a week ago. >> okay. well, that ain't saying much, but it's saying something. >> reporter: got to be optimistic. >> that's right. jim acosta, reporting from the white house this morning. >>> later this morning angry veterans will protest at the world war ii memorial, calling for an end to the partial government shutdown, as of right now, adding to the anger we've already seen at the white house. conservative protesters dismantled barricades that had closed off the world war ii memorial and lincoln memorial. it was a picture perfect moment for one senator, even though ted cruz has actually been pivotal in the washington gridlock. he says the politics are just plain unamerican. >> why did the federal
you know, the debt ceiling -- debt deal back in 2011. it's when their backs are up against the wall and their shirttails are on fire that they start to get serious. and that might be why they're getting close at this point. i think that the odds are that they're working toward an agreement at this point, carol, better than the odds were about a week ago. >> okay. well, that ain't saying much, but it's saying something. >> reporter: got to be optimistic. >> that's right. jim...
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51
Oct 4, 2013
10/13
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KNTV
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debt ceiling. a long shutdown and potential debt default could have a greater impact on the economy. the treasury department warns that the default could plunge the u.s. in a worse recession than the one from 2007-2009. there is no economic data today. we were expecting the monthly jobs report but that's been postponed indefinitely because of the government shutdown. the dow dropping 137 to 14,996. the nasdaq losing 41 to 3774. and twitter takes the wraps off the details of its anticipated ipo, social media site looks to raise $1 billion and will use the symbol twtr though it won't say whether it will trade on the nysd or the nasdaq. it has 218 million monthly users and gets the bulk of ad revenue from mobile devices. twitter is still in the red. facebook is introducing ads to instagram. the photo and video sharing site it bauxt users will see ads occasionally and be able to hide ads after they watch them and provide feedback on why they didn't like a particular ad. but everybody loves ads so i'm s
debt ceiling. a long shutdown and potential debt default could have a greater impact on the economy. the treasury department warns that the default could plunge the u.s. in a worse recession than the one from 2007-2009. there is no economic data today. we were expecting the monthly jobs report but that's been postponed indefinitely because of the government shutdown. the dow dropping 137 to 14,996. the nasdaq losing 41 to 3774. and twitter takes the wraps off the details of its anticipated ipo,...
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110
Oct 17, 2013
10/13
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the vote is under way to end the government shutdown and raise the debt ceiling. we'll continue to follow the story throughout this newscast. stay with us. >>> breaking news from the senate floor. lawmakers there just voted to and pass the bill to reopen the federal government and raise the debt ceiling. this is a short-term fix but passed the senate and now goes to the house tonight and just in time because we are just four hours from that debt ceiling expiring. of course, we'll be following this this evening and we'll bring you an update later in this newscast or during our 6:00 newscast. >>> a lot of smiles. a pleasant on tech company. veeva systems went public today and saw its stock price boom. shares started selling at $20 and by the end of the trading day, it had nearly doubled to 37 bucks a share. veeva system cloud base software is used by some of the biggest drug manufacturers like merck, eli lily and bayor. >>> two silkicon rivals will son be within shouting distance of each other. scott budman joins us from samsung to talk about growing rivalry with ap
the vote is under way to end the government shutdown and raise the debt ceiling. we'll continue to follow the story throughout this newscast. stay with us. >>> breaking news from the senate floor. lawmakers there just voted to and pass the bill to reopen the federal government and raise the debt ceiling. this is a short-term fix but passed the senate and now goes to the house tonight and just in time because we are just four hours from that debt ceiling expiring. of course, we'll be...